Regulatory Alerts2018-10-10
Added · Updated
PS18/25: Implementation of the EU Securitisation Regulation and CRR Amendment
The Financial Conduct Authority implements the EU Securitisation Regulation and the Capital Requirements Regulation amendment through final and near-final rules effective 1 January 2019. The rules establish a £1,500 application fee and a £250 annual periodic fee for Third Party Verifiers, while amending the FUND, COLL, and IFPRU sourcebooks to align with new securitisation requirements. Additionally, the Decision Procedure and Penalties manual and Enforcement Guide are updated to define decision-making procedures for authorising, varying, or cancelling Third Party Verifier authorisations and imposing sanctions.
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